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July 6th, 2012 
FAKE NEWS for the Zionist agenda Previous Post: South Korea plans to resume whaling for research nbsp
France raises taxes on rich, corporations to narrow budget gap
Toronto Star – France’s two-week-old Socialist government on Wednesday unveiled 7.2 billion euros ($9 billion U.S.) of tax increases to meet deficit-reduction goals and avoid bond-market punishment. The 2012 measures, approved at a cabinet meeting Wednesday, presage even larger tax increases and spending cuts next year in an economy that’s barely expanding. The largest new levy will be a one-time surcharge on wealthy individuals’ assets to raise 2.3 billion euros. Another 898 million euros will be reaped by ending a payroll-tax holiday. Other steps include surcharges for oil and financial companies, each raising an additional 550 million euros, and a levy on dividends and stock options. Read article
Tags: debt wealth, Europe
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